CD rates for June 14, 2012


I'm Greg McBride, senior financial analyst with, and here is your weekly look at yields on certificates of deposit.

It was another in a string of sleepy weeks on deposit yields. What movement there was on CD yields this week was very slight. The changes were confined to longer maturities, with the average 2-year, 4-year and 5-year CDs each a hair lower. The average 2-year CD yield dipped to 0.51 percent, the 4-year CD is now 0.86 percent, and the 5-year CD is 1.11 percent. Each of those ties or sets a new low.

Yields on shorter maturity CDs -- those of one year and less -- were unchanged.

For the poor savers, the outlook for CD yields isn't good. There is no obvious catalyst for improvement any time soon, and if anything, we could see further deterioration. The most likely scenario is that yields will remain more or less where they are, with the occasional dip lower here and there.

To find the best yielding cash investments -- from online savings accounts and money market accounts to CDs, check out the free search engine at

I'm Greg McBride.




Show Bankrate's community sharing policy
          Connect with us

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

Partner Center


Tara Baukus Mello

Car buyers trade hybrids for SUVs

Car buyers are trading in their hybrids and electric cars for more gas-guzzling vehicles at a faster pace than ever before.  ... Read more

Connect with us